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Saudi Cement Company announces the interim financial results for the period ending on 30-06-2022 (Six Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 349348.10.26315.110.76
Gross Profit (Loss) 146138.75.26100.744.98
Operational Profit (Loss) 102.991.911.9760.171.21
Net Profit (Loss) after Zakat and Tax 102.586.418.6361.167.76
Total Comprehensive Income 102.386.917.7261.167.43
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 664777.2-14.56
Gross Profit (Loss) 246.7312.3-21
Operational Profit (Loss) 163216.6-24.75
Net Profit (Loss) after Zakat and Tax 163.7205.8-20.46
Total Comprehensive Income 163.4206.4-20.83
Total Share Holders Equity (after Deducting Minority Equity) 2,061.22,318.2-11.09
Profit (Loss) per Share 1.071.35
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the increase of current quarter net profit compared with the same quarter of last year is attributed to the increase in average selling prices, decrease in selling and distribution expenses, decrease in zakat provision, increase in share of profit in an associate and increase in other revenues, in spite of the increase in general and administrative expenses and the increase in financial charges.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason for the increase of current quarter net profit compared with previous quarter is attributed to the increase in sales revenues due to the increase in average selling prices, decrease in general and administrative expenses and decrease in zakat provision, in spite of the increase in the selling and distribution expenses, increase in financial charges, decrease in share of profit in an associate and the decrease in other revenues.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for the decrease of current period net profit compared with the same period of last year is attributed to decrease in quantities and value of sales, increase in the general and administrative expenses and increase in financial charges, in spite of the decrease in selling and distribution expenses, decrease in zakat provision, increase in share of profit in an associate and increase in other revenues.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items N/A

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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